Required Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable Accounts payable Cash Common stock Land Long-term notes payable Merchandise inventory Retained earnings $43,470 8,235 16,740 42,500 26,380 22,700 28,950 42,105 ALPHA CO. Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets $ 0 Property, plant and equipment 0 $ 0 Total property, plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Total liabilities 0 Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity 0